Florida § 647.03 - Premium tax.
Full text of Florida Florida Statutes § 647.03 — Premium tax., with citation guidance and answers to common questions.
§ 647.03. Premium tax.
(1) As used in this section, the term: (a) “Primary certificateholder” means an individual who purchases travel insurance under a group policy. (b) “Primary policyholder” means an individual who purchases individual travel insurance. (2) A travel insurer shall pay the premium tax, as required under s. 624.509, on travel insurance premiums paid by any of the following: (a) A primary policyholder who is a resident of this state. (b) A primary certificateholder who is a resident of this state. (c) A blanket travel insurance policyholder: 1. Who is a resident in this state; 2. Who has his or her principal place of business in this state; or 3. Whose affiliate or subsidiary who has purchased blanket travel insurance for eligible blanket group members has his or her principal place of business in this state. The premium tax under this subsection is subject to any apportionment rules that apply to an insurer across multiple taxing jurisdictions or that authorize an insurer to allocate premium on an apportioned basis in a reasonable and equitable manner in those jurisdictions. (3) A travel insurer shall: (a) Document the state of residence or principal place of business of the policyholder or certificateholder, or an affiliate or subsidiary thereof, as required under subsection (2). (b) Report as premium only the amount allocable to travel insurance and not any amounts received for travel assistance services or cancellation fee waivers.
Frequently Asked Questions About Florida § 647.03
What does Florida Statutes § 647.03 cover?
Section 647.03 ("Premium tax.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 647.03?
A common citation format is "Florida Statutes § 647.03" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 647.03 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.